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NYSE:ENV

Envestnet - ENV Stock Forecast, Price & News

$59.88
-0.63 (-1.04%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.73
$60.96
50-Day Range
$50.04
$62.97
52-Week Range
$49.08
$85.99
Volume
277,119 shs
Average Volume
482,033 shs
Market Capitalization
$3.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$72.33

Envestnet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
20.8% Upside
$72.33 Price Target
Short Interest
Bearish
5.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of Envestnet in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$49,487 Bought Last Quarter
Proj. Earnings Growth
68.22%
From $1.07 to $1.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Business Services Sector

187th out of 332 stocks

Business Services, Not Elsewhere Classified Industry

67th out of 105 stocks

ENV stock logo

About Envestnet (NYSE:ENV) Stock

Envestnet, Inc., together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data intelligence platform, which offers cloud-based innovation for digital financial services. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

Envestnet Trading Down 1.0 %

Envestnet stock traded down $0.63 during trading on Monday, hitting $59.88. The company had a trading volume of 277,542 shares, compared to its average volume of 482,033. Envestnet has a 1-year low of $49.08 and a 1-year high of $85.99. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $55.14 and its 200-day simple moving average is $66.69. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -110.02 and a beta of 1.16.

Envestnet (NYSE:ENV - Get Rating) last posted its earnings results on Thursday, August 4th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Envestnet had a negative net margin of 2.42% and a positive return on equity of 7.52%. The firm had revenue of $318.90 million during the quarter, compared to the consensus estimate of $324.02 million. During the same quarter last year, the firm earned $0.35 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts expect that Envestnet will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENV. DA Davidson decreased their target price on Envestnet from $86.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, July 1st. TheStreet cut Envestnet from a "c-" rating to a "d+" rating in a research note on Friday, June 17th. Piper Sandler dropped their price objective on Envestnet from $73.00 to $54.00 and set a "neutral" rating on the stock in a research note on Friday, June 17th. JMP Securities dropped their price objective on Envestnet from $97.00 to $80.00 and set a "market outperform" rating on the stock in a research note on Tuesday, July 12th. Finally, William Blair restated an "outperform" rating on shares of Envestnet in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.33.

Insiders Place Their Bets

In other Envestnet news, CEO William Crager purchased 920 shares of the company's stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of $53.79 per share, for a total transaction of $49,486.80. Following the completion of the purchase, the chief executive officer now directly owns 306,241 shares in the company, valued at approximately $16,472,703.39. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.44% of the company's stock.

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ENV Stock News Headlines

Envestnet (NYSE:ENV) Stock Rating Lowered by StockNews.com
Envestnet Revenue Flattens Amid Modernization Push
Envestnet (NYSE:ENV) Raised to "Hold" at StockNews.com
Envestnet: Q2 Earnings Insights
Envestnet (ENV) Q2 Earnings Top Estimates
Envestnet Earnings Preview - Benzinga
See More Headlines
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ENV Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
CUSIP
29404K10
Employees
4,375
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.33
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+20.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$13.30 million
Pretax Margin
-3.08%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$4.08 per share
Book Value
$17.56 per share

Miscellaneous

Free Float
54,402,000
Market Cap
$3.31 billion
Optionable
Optionable
Beta
1.16

Key Executives

  • Mr. William C. Crager (Age 58)
    Co-Founder, CEO & Director
    Comp: $1.4M
  • Mr. Peter H. D'Arrigo CFA (Age 54)
    Chief Financial Officer
    Comp: $961.37k
  • Ms. Shelly S. O'Brien J.D. (Age 56)
    Chief Legal Officer, Gen. Counsel & Corp. Sec.
    Comp: $673.36k
  • Mr. Joshua David Mayer (Age 48)
    Chief Operating Officer
  • Mr. Arun Anur (Age 57)
    Chief Operating Officer
  • Ms. Dana Marie D'Auria C.F.A.
    Co-Chief Investment Officer & Group Pres of Envestnet Solutions
  • Mr. Robert Michael Coppola (Age 52)
    Chief Technology Officer
  • Mr. Brian S. Shipman CFA
    Head of Investor Relations
  • Mr. Jason O'Shaughnessy
    Head of International Sales
  • Ms. Mary Ellen Dugan
    Chief Marketing Officer













ENV Stock - Frequently Asked Questions

Should I buy or sell Envestnet stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENV shares.
View ENV analyst ratings
or view top-rated stocks.

What is Envestnet's stock price forecast for 2022?

7 analysts have issued 12-month target prices for Envestnet's shares. Their ENV share price forecasts range from $54.00 to $90.00. On average, they expect the company's stock price to reach $72.33 in the next year. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for ENV
or view top-rated stocks among Wall Street analysts.

How have ENV shares performed in 2022?

Envestnet's stock was trading at $79.34 at the beginning of 2022. Since then, ENV stock has decreased by 24.5% and is now trading at $59.88.
View the best growth stocks for 2022 here
.

When is Envestnet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our ENV earnings forecast
.

How were Envestnet's earnings last quarter?

Envestnet, Inc. (NYSE:ENV) posted its quarterly earnings results on Thursday, August, 4th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The business services provider had revenue of $318.90 million for the quarter, compared to analyst estimates of $324.02 million. Envestnet had a negative net margin of 2.42% and a positive trailing twelve-month return on equity of 7.52%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share.

What guidance has Envestnet issued on next quarter's earnings?

Envestnet updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of $1.84-$1.89 for the period, compared to the consensus earnings per share estimate of $1.99. The company issued revenue guidance of $1.25 billion-$1.26 billion, compared to the consensus revenue estimate of $1.29 billion.

What is Bill Crager's approval rating as Envestnet's CEO?

44 employees have rated Envestnet Chief Executive Officer Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among the company's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Envestnet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle International (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

What is Envestnet's stock symbol?

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Who are Envestnet's major shareholders?

Envestnet's stock is owned by a number of institutional and retail investors. Top institutional investors include Echo Street Capital Management LLC (2.59%), Brown Advisory Inc. (2.39%), Stephens Investment Management Group LLC (2.17%), Clearbridge Investments LLC (2.11%), Van Berkom & Associates Inc. (2.05%) and FMR LLC (2.03%). Insiders that own company stock include Anil Arora, Barry D Cooper, Brandon Thomas, Joshua Mayer, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien, Stuart Depina and William Crager.
View institutional ownership trends
.

How do I buy shares of Envestnet?

Shares of ENV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Envestnet's stock price today?

One share of ENV stock can currently be purchased for approximately $59.88.

How much money does Envestnet make?

Envestnet (NYSE:ENV) has a market capitalization of $3.31 billion and generates $1.19 billion in revenue each year. The business services provider earns $13.30 million in net income (profit) each year or ($0.55) on an earnings per share basis.

How many employees does Envestnet have?

The company employs 4,375 workers across the globe.

How can I contact Envestnet?

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The official website for the company is www.envestnet.com. The business services provider can be reached via phone at (312) 827-2800, via email at investor.relations@envestnet.com, or via fax at 312-827-2801.

This page (NYSE:ENV) was last updated on 8/15/2022 by MarketBeat.com Staff

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